Jade Gas Holdings Limited

Jade Gas Holdings Limited is focused on exploring and developing coal bed methane (CBM) opportunities in Mongolia. The company is primarily focused on coal bed methane exploration and appraisal in the Tamtsag Basin located in the South Gobi region of Mongolia.

Jade Gas holds 100% interests in three licenses covering approximately 14,000 sq.km. with prospective coal bed methane resources of up to 5.4 trillion cubic feet (Tcf). The company made a discovery at its flagship Red Lake project, booking a maiden 2C contingent resource of 246 billion cubic feet (Bcf) of gas. Additional exploration is planned to further assess the potential scale of the resource.

The company has signed memorandums of understanding (MOUs) with potential domestic gas offtake partners including UB Metan LLC, Mongolia’s largest gas distributor, and Steppe Gold LLC, developer of the ATO Gold Mine. With large prospective resources identified and encouraging initial results, the company aims to establish a new domestic gas industry in Mongolia to supply cleaner energy and support the country’s economic development.